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Tata Consultancy Services, today said that it has completed the acquisition of Alti SA and announced the setting up of TCS SAP Innovation Center.
The center will seek to develop cutting edge enterprise solutions for multiple industries, in co-innovation with TCS’ customers. It will be located in the Île-de-France region and is expected to be operational by the end of 2013. TCS had acquired the company in April 2013.
A privately-held company with revenues of € 126 million in 2012, Alti SA is regarded as one of the top five system integrators of SAP solutions in France. It includes several top French corporations in the banking, financial services, luxury, manufacturing and utilities sectors as its key customers.
"Today is a historic day for our company in France, which will see us emerge as a much stronger player in the local market and which sets the platform for our future growth in the region. There are tremendous synergies between TCS’ global capabilities and Alti’s local talent base and knowledge, which will enable us to better service our clients in France and help make their businesses more competitive. As a long term strategic market for TCS, with leading edge infrastructure and a highly skilled engineering talent pool, France was a natural destination for us to invest in towards our future growth," said N Chandrasekaran, CEO and Managing Director, TCS.
The acquisition will boost TCS’ strategic growth plans in Europe with the integration of 1,200 employees across France, Belgium and Switzerland.
